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Please keep 2 decimal points for your answers, except for rates. For rates, please keep 4 decimal points (e.g., 0.1234). Big Oils last dividend was

Please keep 2 decimal points for your answers, except for rates. For rates, please keep 4 decimal points (e.g., 0.1234).

Big Oils last dividend was $4.00. Over the next three years, dividends are projected to grow at a rate of 7% per year, after which they will grow at a constant rate of 4%, forever. If the T-bill rate is 2%, the market risk premium is 7%, and Big Oils equity beta is .885, what should the stock sell for?

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